BRAZIL - Russia Asks for Help at IMF and World Bank

Arno Froese

Russia has asked Brazil for support in the International Monetary Fund, the World Bank and the G20 group of top economies to help it counter crippling sanctions imposed by the West since it invaded Ukraine, according to a letter seen by Reuters.

Russian Finance Minister Anton Siluanov wrote to Economy Minister Paulo Guedes asking for Brazil’s “support to prevent political accusations and discrimination attempts in international financial institutions and multilateral fora.”

The letter, which made no mention of the war in Ukraine, was dated March 30 and relayed to the Brazilian minister by Russia’s ambassador in Brasilia.

“We consider that the current crisis caused by unprecedented economic sanctions driven by the G7 countries might have long-lasting consequences unless we take joint action to resolve it,” he wrote to Guedes.

Brazil’s far-right President Jair Bolsonaro, who visited Moscow just days before the invasion, has kept Brazil neutral in the Ukraine crisis and has not condemned the invasion, drawing criticism from the Biden administration.

“The most important thing at this time is to have all international forums, the G20, WTO, FAO, functioning fully, and for that all countries need to be present, including Russia,” Franca told a Senate hearing on March 25.

-www.reuters.com, 14 April 2022

Arno's Commentary

What becomes clear is that the sanctions placed against Russia are having at least some effect. Brazil, with a population of over 218 million, has a $3 trillion economy, placing it as the 8th largest in the world.

Brazil is also part of the BRIC countries (Brazil, Russia, India, and China), with South Africa joining the group in 2010. What is its purpose? Cooperation and encouraging mutual development. With this fact in mind, it seems almost understandable for Brazil not to openly condemn Russia’s invasion of Ukraine. 

Furthermore, the five nations geographically cover one quarter of the world and contain 40% of the world’s population, with a combined GDP of over $20 trillion.

Prophetically speaking, we are witnessing an agglomeration of nations of the world as never before in history. In the first place, it is not who wins what; the real issue is globalization, with the aim of garnering peace, prosperity, and security for all people on planet earth. 

That, however, is the task our Lord Jesus will fully implement. With these various groups of nations—whether it’s NATO, the United Nations, the European Union, World Trade Organization, International Criminal Court, or hundreds if not thousands of others—the aim is crystal clear: to avoid war; to compromise and negotiate so more people on planet earth will enjoy the technology that has led to improved living conditions and life expectancy the world over. 

But, we reiterate: the real thing is reserved for the “KING OF KINGS, AND LORD OF LORDS” (Revelation 19:16b).

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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